(Motley Fool Repost)
Fusion-io (NYSE: FIO)
Enterprise SSD manufacturer Fusion-io is off to an amazing start so far in 2012, as demand for high-performance storage solutions is on the rise. Fusion-io manufactures and produces high-performance drives that can churn through massive amounts of data at lightning-fast speed, which is certainly appealing to their high-profile customers like Facebook and Apple.
Fusion-io continues to grow at a rapid pace, as their revenues grew from $36M in 2010 to an astounding $199M in 2011. The huge increase in sales speaks volumes to how well Fusion-io’s products are being received in the marketplace. Not only is the company generating a signifigant amount of revenue, they are earning a significant amount of margin as well. Their gross margins (66.1% for Q2) are signifigantly higher than their industry peers SimpleTech (STEC) and OCZ Technology Group (OCZ).
The company is certainly the key player in the Enterprise SSD space and they have the clout to match it. Fusion-io’s braintrust includes technology visionary Steve Wozniak and they continue to add strong engineering talent to their roster. Look for Fusion-io to deliver another strong year of profitable growth in 2012.